America's Car-Mart (CRMT) 10-K 2 Jul 21 2021 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Apr. 30, 2021	Jun. 21, 2021	Oct. 31, 2020
Document Information [Line Items]
Entity Central Index Key	0000799850
Entity Registrant Name	AMERICAS CAR-MART INC
Amendment Flag	false
Current Fiscal Year End Date	--04-30
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
Document Type	10-K
Document Annual Report	true
Document Period End Date	Apr. 30, 2021
Document Transition Report	false
Entity File Number	0-14939
Entity Incorporation, State or Country Code	TX
Entity Tax Identification Number	63-0851141
Entity Address, Address Line One	1805 North 2nd Street, Suite 401
Entity Address, City or Town	Rogers
Entity Address, State or Province	AR
Entity Address, Postal Zip Code	72756
City Area Code	479
Local Phone Number	464-9944
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	CRMT
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 524,410,611
Entity Common Stock, Shares Outstanding		6,609,359
ICFR Auditor Attestation Flag	true

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 30, 2021	Apr. 30, 2020
Assets:
Cash and cash equivalents	$ 2,893	$ 59,560
Accrued interest on finance receivables	3,367	3,098
Finance receivables, net	625,119	466,141
Inventory	82,263	36,414
Prepaid expenses and other assets	6,120	4,441
Right-of-use asset	60,398	60,713
Goodwill	7,280	6,817
Property and equipment, net	34,719	30,140
Total Assets	822,159	667,324
Liabilities:
Accounts payable	18,208	13,117
Income taxes payable, net	150	3,841
Accrued liabilities	31,278	19,729
Deferred income tax liabilities, net	20,007	12,979
Lease liability	62,886	62,810
Debt facilities	225,924	215,568
Total liabilities	415,263	364,165
Commitments and contingencies (Note L)
Mezzanine equity:
Mandatorily redeemable preferred stock	400	400
Equity:
Common stock, par value $.01 per share, 50,000,000 shares authorized; 13,591,889 and 13,478,733 issued at April 30, 2021 and April 30, 2020, respectively, of which 6,625,885 and 6,619,319 were outstanding at April 30, 2021 and April 30, 2020, respectively	136	135
Additional paid-in capital	98,812	88,559
Retained earnings	564,975	460,876
Less: Treasury stock, at cost, 6,966,004 and 6,859,414 shares at April 30, 2021 and April 30, 2020, respectively	(257,527)	(246,911)
Total stockholders' equity	406,396	302,659
Non-controlling interest	100	100
Total equity	406,496	302,759
Total Liabilities, mezzanine equity and equity	822,159	667,324
Payment Protection Plan [Member]
Liabilities:
Deferred revenue	32,704	24,480
Service Contract [Member]
Liabilities:
Deferred revenue	$ 24,106	$ 11,641

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Apr. 30, 2021	Apr. 30, 2020
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	13,591,889	13,478,733
Common stock, shares outstanding (in shares)	6,625,885	6,619,319
Treasury stock, shares (in shares)	6,966,004	6,859,414

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Revenues:
Sales	$ 808,065	$ 652,992	$ 586,508
Interest and other income	110,545	91,619	82,614
Total revenues	918,610	744,611	669,122
Costs and expenses:
Cost of sales, excluding depreciation	479,153	388,475	343,898
Selling, general and administrative	130,855	117,762	107,249
Provision for credit losses	163,662	162,246	146,363
Interest expense	6,820	8,052	7,883
Depreciation and amortization	3,719	3,839	3,969
Gain on disposal of property and equipment	(40)	(114)	(91)
Total costs and expenses	784,169	680,260	609,271
Income before income taxes	134,441	64,351	59,851
Provision for income taxes	30,302	13,008	12,226
Net income	104,139	51,343	47,625
Less: Dividends on mandatorily redeemable preferred stock	40	40	40
Net income attributable to common stockholders	$ 104,099	$ 51,303	$ 47,585
Earnings per share:
Basic (in dollars per share)	$ 15.70	$ 7.74	$ 6.99
Diluted (in dollars per share)	$ 14.95	$ 7.39	$ 6.73
Basic (in shares)	6,628,749	6,630,023	6,810,879
Diluted (in shares)	6,961,575	6,945,652	7,071,768

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Net income	$ 104,139,000	$ 51,343,000	$ 47,625,000
Adjustments to reconcile net income to net cash provided by operating activities:
Financing Receivable, Credit Loss, Expense (Reversal)	163,662,000	162,246,000	146,363,000
Losses on claims for payment protection plan	18,954,000	17,966,000	17,020,000
Depreciation and amortization	3,719,000	3,839,000	3,969,000
Amortization of debt issuance costs	391,000	273,000	251,000
Gain on disposal of property and equipment	(40,000)	(114,000)	(91,000)
Stock-based compensation	5,962,000	4,732,000	3,703,000
Deferred income taxes	7,028,000	(1,280,000)	1,701,000
Change in operating assets and liabilities:
Finance receivable originations	(762,716,000)	(604,497,000)	(540,505,000)
Finance receivable collections	370,254,000	322,180,000	293,739,000
Accrued interest on finance receivables	(269,000)	(750,000)	(159,000)
Inventory	5,019,000	53,827,000	47,641,000
Prepaid expenses and other assets	(1,679,000)	193,000	113,000
Accounts payable and accrued liabilities	14,766,000	1,009,000	2,226,000
Income taxes, net	(3,691,000)	5,788,000	(497,000)
Net cash provided by (used in) operating activities	(53,812,000)	20,917,000	24,902,000
Investing Activities:
Purchase of investments	0	(4,648,000)	0
Purchases of property and equipment	(8,952,000)	(5,422,000)	(4,029,000)
Proceeds from sale of property and equipment	694,000	184,000	142,000
Net cash used in investing activities	(8,258,000)	(9,886,000)	(3,887,000)
Financing Activities:
Exercise of stock options	4,034,000	1,533,000	5,117,000
Issuance of common stock	258,000	190,000	147,000
Purchase of common stock	(10,616,000)	(16,009,000)	(26,577,000)
Dividend payments	(40,000)	(40,000)	(40,000)
Debt issuance costs	(282,000)	(505,000)	(371,000)
Change in cash overdrafts	1,802,000	(1,274,000)	768,000
Principal payments on notes payable	(524,000)	(509,000)	(389,000)
Proceeds from revolving credit facilities	73,337,000	442,490,000	450,554,000
Payments on revolving credit facilities	(62,566,000)	(379,099,000)	(449,494,000)
Net cash provided by (used in) financing activities	5,403,000	46,777,000	(20,285,000)
Increase (decrease) in cash and cash equivalents	(56,667,000)	57,808,000	730,000
Cash and cash equivalents, beginning of period	59,560,000	1,752,000	1,022,000
Cash and cash equivalents, end of period	2,893,000	59,560,000	1,752,000
Payment Protection Plan [Member]
Change in operating assets and liabilities:
Increase (decrease) in deferred revenue	8,224,000	3,113,000	1,544,000
Service Contract [Member]
Change in operating assets and liabilities:
Increase (decrease) in deferred revenue	$ 12,465,000	$ 1,049,000	$ 259,000

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Noncontrolling Interest [Member]	Total
Balance (in shares) at Apr. 30, 2018	13,147,143
Balance at Apr. 30, 2018	$ 131	$ 72,641	$ 361,988	$ (204,325)	$ 100	$ 230,535
Issuance of common stock (in shares)	2,267
Issuance of common stock	$ 0	147	0	0	0	$ 147
Stock options exercised (in shares)	226,620					275,000
Stock options exercised	$ 3	5,114	0	0	0	$ 5,117
Purchase of treasury shares	0	0	0	(26,577)	0	(26,577)
Stock based compensation	0	3,703	0	0	0	3,703
Dividends on subsidiary preferred stock	0	0	(40)	0	0	(40)
Net income	$ 0	0	47,625	0	0	47,625
Balance (in shares) at Apr. 30, 2019	13,376,030
Balance at Apr. 30, 2019	$ 134	81,605	409,573	(230,902)	100	260,510
Issuance of common stock (in shares)	9,760
Issuance of common stock	$ 0	190	0	0	0	$ 190
Stock options exercised (in shares)	92,943					121,250
Stock options exercised	$ 1	1,532	0	0	0	$ 1,533
Purchase of treasury shares	0	0	0	(16,009)	0	(16,009)
Stock based compensation	0	4,732	0	0	0	4,732
Dividends on subsidiary preferred stock	0	0	(40)	0	0	(40)
Net income	0	0	51,343	0	0	51,343
Issuance of restricted stock		500				500
Balance (in shares) at Apr. 30, 2020	13,478,733
Balance at Apr. 30, 2020	$ 135	88,559	460,876	(246,911)	100	302,759
Issuance of common stock (in shares)	2,921
Issuance of common stock	$ 0	258	0	0	0	$ 258
Stock options exercised (in shares)	110,235					131,350
Stock options exercised	$ 1	4,033	0	0	0	$ 4,034
Purchase of treasury shares	0	0	0	(10,616)	0	(10,616)
Stock based compensation	0	5,962	0	0	0	5,962
Dividends on subsidiary preferred stock	0	0	(40)	0	0	(40)
Net income	$ 0	0	104,139	0	0	104,139
Balance (in shares) at Apr. 30, 2021	13,591,889
Balance at Apr. 30, 2021	$ 136	$ 98,812	$ 564,975	$ (257,527)	$ 100	$ 406,496

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Parentheticals) - shares	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Purchase of treasury shares (in shares)	106,590	182,805	378,627

Note A - Organization and Busin

Note A - Organization and Business	12 Months Ended
	Apr. 30, 2021
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	A - Organization and Business America’s Car-Mart, Inc., a Texas corporation (the “Company”), is one two not April 30, 2021,

Note B - Summary of Significant

Note B - Summary of Significant Accounting Policies	12 Months Ended
	Apr. 30, 2021
Notes to Financial Statements
Significant Accounting Policies [Text Block]	B - Summary of Significant Accounting Policies Principles of Consolidation The consolidated financial statements include the accounts of America’s Car-Mart, Inc. and its subsidiaries. All intercompany accounts and transactions have been eliminated. Segment Information Each dealership is an operating segment with its results regularly reviewed by the Company’s chief operating decision maker in an effort to make decisions about resources to be allocated to the segment and to assess its performance. Individual dealerships meet the aggregation criteria for reporting purposes under the current accounting guidance. In the Integrated Auto Sales and Finance industry, the nature of the sale and the financing of the transaction, financing processes, the type of customer and the methods used to distribute the Company’s products and services, including the actual servicing of the contracts as well as the regulatory environment in which the Company operates all have similar characteristics. Each of our individual dealerships is similar in nature and only engages in the selling and financing of used vehicles. All individual dealerships have similar operating characteristics. As such, individual dealerships have been aggregated into one reportable segment. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. Significant estimates include, but are not Concentration of Risk The Company provides financing in connection with the sale of substantially all of its vehicles. These sales are made primarily to customers residing in Alabama, Arkansas, Georgia, Illinois, Kentucky, Mississippi, Missouri, Oklahoma, Tennessee, and Texas, with approximately 27% of revenues resulting from sales to Arkansas customers. As of April 30, 2021, one September 2022. Restrictions on Distributions/Dividends The Company’s revolving credit facilities generally restrict distributions by the Company to its shareholders. The distribution limitations under the credit facilities allow the Company to repurchase the Company’s stock so long as either: (a) the aggregate amount of such repurchases after September 30, 2019 not not twelve Cash Equivalents The Company considers all highly liquid instruments purchased with original maturities of three Finance Receivables, Repossessions and Charge-offs and Allowance for Credit Losses The Company originates installment sale contracts from the sale of used vehicles at its dealerships. These installment sale contracts carry an average interest rate of approximately 16.5% using the simple effective interest method including any deferred fees. Contract origination costs are not not April 30, 2021 April 30, 2020), . one not may April 30, 2021, 30 April 30, 2020. Substantially all of the Company’s automobile contracts involve contracts made to individuals with impaired or limited credit histories, or higher debt-to-income ratios than permitted by traditional lenders. Contracts made with buyers who are restricted in their ability to obtain financing from traditional lenders generally entail a higher risk of delinquency, default and repossession, and higher losses than contracts made with buyers with better credit. At the time of originating a finance agreement, the Company requires customers to meet certain criteria that demonstrate their intent and ability to pay for the financed principal and interest on the vehicle they are purchasing. However, the Company recognizes that their customer base is at a higher risk of default given their impaired or limited credit histories. The Company strives to keep its delinquency percentages low, and not three not Periodically, the Company enters into contract modifications with its customers to extend or modify the payment terms. The Company only enters into a contract modification or extension if it believes such action will increase the amount of monies the Company will ultimately realize on the customer’s account and will increase the likelihood of the customer being able to pay off the vehicle contract. At the time of modification, the Company expects to collect amounts due including accrued interest at the contractual interest rate for the period of delay. No third The Company takes steps to repossess a vehicle when the customer becomes delinquent in his or her payments and management determines that timely collection of future payments is not not 73 The Company maintains an allowance for credit losses on an aggregate basis, as opposed to a contract-by-contract basis, at an amount it considers sufficient to cover losses expected to be incurred on the portfolio at the measurement date. The Company accrues an estimated loss for the amount it believes will not 19 not ● The number of units repossessed or charged-off as a percentage of total units financed over specific historical periods of time from one five ● The average net repossession and charge-off loss per unit during the last eighteen 10 11 13 ● The timing of repossession and charge-off losses relative to the date of sale (i.e., how long it takes for a repossession or charge-off to occur) for repossessions and charge-offs occurring during the last eighteen A historical point loss rate is produced by this analysis which is then adjusted to reflect current conditions and the Company’s reasonable and supportable forecast of expected losses for a period of one In the first 2020, fourth 2020, 19 2021, fourth 2021 In most states, the Company offers retail customers who finance their vehicle the option of purchasing an accident protection plan product as an add-on to the installment sale contract. This product contractually obligates the Company to cancel the remaining principal outstanding for any contract where the retail customer has totaled the vehicle, as defined by the product, or the vehicle has been stolen. The Company periodically evaluates anticipated losses to ensure that if anticipated losses exceed deferred accident protection plan revenues, an additional liability is recorded for such difference. No April 30, 2021 2020. Inventory Inventory consists of used vehicles and is valued at the lower of cost or net realizable value on a specific identification basis. Vehicle reconditioning costs are capitalized as a component of inventory. Repossessed vehicles and trade-in vehicles are recorded at fair value, which approximates wholesale value. The cost of used vehicles sold is determined using the specific identification method. Goodwill Goodwill reflects the excess of purchase price over the fair value of specifically identified net assets purchased. Goodwill and intangible assets deemed to have indefinite lives are not no 2021 2020. Property and Equipment Property and equipment are stated at cost. Expenditures for additions, remodels and improvements are capitalized. Costs of repairs and maintenance are expensed as incurred. Leasehold improvements are amortized over the shorter of the estimated life of the improvement or the lease period. The lease period includes the primary lease term plus any extensions that are reasonably assured. Depreciation is computed principally using the straight-line method generally over the following estimated useful lives: Furniture, fixtures and equipment (years) 3 to 7 Leasehold improvements (years) 5 to 15 Buildings and improvements (years) 18 to 39 Property and equipment are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not Cash Overdraft As checks are presented for payment from the Company’s primary disbursement bank account, monies are automatically drawn against cash collections for the day and, if necessary, are drawn against one not Deferred Sales Tax Deferred sales tax represents a sales tax liability of the Company for vehicles sold on an installment basis in the states of Alabama and Texas. Under Alabama and Texas law, for vehicles sold on an installment basis, the related sales tax is due as the payments are collected from the customer, rather than at the time of sale. Deferred sales tax liabilities are reflected in accrued liabilities on the Company’s Consolidated Balance Sheets. Income Taxes Income taxes are accounted for under the liability method. Under this method, deferred income tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates expected to apply in the years in which these differences are expected to be recovered or settled. Occasionally, the Company is audited by taxing authorities. These audits could result in proposed assessments of additional taxes. The Company believes that its tax positions comply in all material respects with applicable tax law; however, tax law is subject to interpretation, and interpretations by taxing authorities could be different from those of the Company, which could result in the imposition of additional taxes. The Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not not 50 The Company is subject to income taxes in the U.S. federal jurisdiction and various state jurisdictions. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. With few exceptions, the Company is no 2018. The Company’s policy is to recognize accrued interest related to unrecognized tax benefits in interest expense and penalties in operating expenses. The Company had no accrued penalties or interest as of April 30, 2021 2020, Revenue Recognition Revenues are generated principally from the sale of used vehicles, which in most cases includes a service contract and a accident protection plan product, as well as interest income and late fees earned on finance receivables. Revenues are net of taxes collected from customers and remitted to government agencies. Cost of vehicle sales include costs incurred by the Company to prepare the vehicle for sale including license and title costs, gasoline, transport services and repairs. The Company’s performance obligations are clearly identifiable, and the transaction price is explicitly stated on the customers’ contracts. The Company collects payments in accordance with the terms of the customers’ accounts, ranging between 18 54 78’s” Sales consist of the following for the years ended April 30, 2021, 2020 2019: Years Ended April 30, (In thousands) 2021 2020 2019 Sales – used autos $ 713,925 $ 567,816 $ 506,184 Wholesales – third party 34,286 28,966 27,376 Service contract sales 33,028 31,480 30,243 Payment protection plan revenue 26,826 24,730 22,705 Total $ 808,065 $ 652,992 $ 586,508 At April 30, 2021 2020, 90 2021, 2020 2019, During the years ended April 30, 2021 2020, April 30, 2020 2019, Advertising Costs Advertising costs are expensed as incurred and consist principally of radio, print media and digital marketing costs. Advertising costs amounted to $2.9 million, $3.1 million and $3.1 million for the years ended April 30, 2021, 2020 2019, Employee Benefit Plans The Company has 401 April 30, 2021, 2020 2019, The Company offers employees the right to purchase common shares at a 15% discount from market price under the 2006 October 2006. 15% 2021, 2020 2019 not April 30, 2021. Earnings per Share Basic earnings per share are computed by dividing net income attributable to common stockholders by the average number of common shares outstanding during the period. Diluted earnings per share are computed by dividing net income attributable to common stockholders by the average number of common shares outstanding during the period plus dilutive common stock equivalents. The calculation of diluted earnings per share takes into consideration the potentially dilutive effect of common stock equivalents, such as outstanding stock options and non-vested restricted stock, which if exercised or converted into common stock would then share in the earnings of the Company. In computing diluted earnings per share, the Company utilizes the treasury stock method and anti-dilutive securities are excluded. Stock-Based Compensation The Company recognizes the cost of employee services received in exchange for awards of equity instruments, such as stock options and restricted stock, based on the fair value of those awards at the date of grant over the requisite service period. The Company uses the Black-Scholes option pricing model to determine the fair value of stock option awards. The Company may Treasury Stock The Company purchased 106,590, 182,805, and 378,627 shares of its common stock to be held as treasury stock for a total cost of $10.6 million, $16.0 million and $26.6 million during the years ended April 30, 2021, 2020 2019, may Facility Leases The Company’s leases primarily consist of operating leases related to retail stores, office space, and land. For more information on financing obligations, see Note F. The initial term for real property leases is typically 3 to 10 years. Most leases include one April 30, 2021 The ROU asset and the related lease liability are initially measured at the present value of future lease payments over the lease term. As most leases do not April 30, 2021 The Company includes variable lease payments in the initial measurement of ROU assets and lease liabilities only to the extent they depend on an index or rate. Changes in such indices or rates are accounted for in the period the change occurs, and do not not not Recent Accounting Pronouncements Occasionally, new accounting pronouncements are issued by the Financial Accounting Standards Board (“FASB”) or other standard setting bodies which the Company will adopt as of the specified effective date. Unless otherwise discussed, the Company believes the implementation of recently issued standards which are not not Adopted in Current Period Credit Losses June 2016, 2016 13, 326 2016 13 May 1, 2020. not Cloud Computing Arrangement August 2018, 2018 15, 350 40 2018 15 2018 15 December 15, 2019, not Effective in Future Periods Reference Rate Reform March 2020, 2020 04, March 12, 2020, December 31, 2022. not

Note C - Finance Receivables, N

Note C - Finance Receivables, Net	12 Months Ended
	Apr. 30, 2021
Notes to Financial Statements
Financing Receivables [Text Block]	C - Finance Receivables, Net The Company originates installment sale contracts from the sale of used vehicles at its dealerships. These installment sale contracts, which carry a fixed interest rate of 15% or 16.5% per annum (19.5% to 21.5% in Illinois), are collateralized by the vehicle sold and typically provide for payments over periods ranging from 18 to 54 months. The Company’s finance receivables are defined as one one one April 30, 2021 2020 (In thousands) April 30, 2021 April 30, 2020 Gross contract amount $ 980,757 $ 728,841 Less unearned finance charges (171,220 ) (107,659 ) Principal balance 809,537 621,182 Less allowance for credit losses (184,418 ) (155,041 ) Finance receivables, net $ 625,119 $ 466,141 Changes in the finance receivables, net for the years ended April 30, 2021, 2020 2019 Years Ended April 30, (In thousands) 2021 2020 2019 Balance at beginning of period $ 466,141 $ 415,486 $ 383,617 Finance receivable originations 762,716 604,497 540,505 Finance receivable collections (370,254 ) (322,180 ) (293,739 ) Provision for credit losses (163,662 ) (162,246 ) (146,363 ) Losses on claims for payment protection plan (18,954 ) (17,966 ) (17,020 ) Inventory acquired in repossession and payment protection plan claims (50,868 ) (51,450 ) (51,514 ) Balance at end of period $ 625,119 $ 466,141 $ 415,486 Changes in the finance receivables allowance for credit losses for the years ended April 30, 2021, 2020 2019 Years Ended April 30, (In thousands) 2021 2020 2019 Balance at beginning of period $ 155,041 $ 127,842 $ 117,821 Provision for credit losses 163,662 162,246 146,363 Charge-offs, net of recovered collateral (134,285 ) (135,047 ) (136,342 ) Balance at end of period $ 184,418 $ 155,041 $ 127,842 The factors which influenced management’s judgment in determining the amount of the additions to the allowance charged to provision for credit losses are described below. The historical level of actual charge-offs, net of recovered collateral, is the most important factor in determining the charges to the provision for credit losses. This is due to the fact that once a contract becomes delinquent the account is either made current by the customer, the vehicle is repossessed, or the account is written off if the collateral cannot be recovered. Net charge-offs as a percentage of average finance receivables were 19.3% for fiscal 2021 2020. 2021 Collections and delinquency levels can have a significant effect on additions to the allowance and are reviewed frequently. Collections as a percentage of average finance receivables were 53.2% for the year ended April 30, 2021, April 30, 2020. 30 April 30, 2021 April 30, 2020. In addition to the objective factors discussed above, the Company also considers macro-economic factors such as changes in unemployment levels, gasoline prices and prices for staple items to develop reasonable and supportable forecasts about the future. These economic forecasts are utilized alongside historical loss information in order to estimate expected losses in the portfolio over the following twelve As a result of the improved credit loss results, lower delinquencies, as well as changes in the Company’s outlook for projected losses, the allowance for credit losses was lowered from 26.5% to 24.5% as a percentage of finance receivables, net of deferred revenue as of April 30, 2021. 2021. Credit quality information for finance receivables is as follows: (Dollars in thousands) April 30, 2021 April 30, 2020 Principal Percent of Principal Percent of Balance Portfolio Balance Portfolio Current $ 717,520 88.64 % $ 515,390 82.97 % 3 - 29 days past due 71,269 8.80 % 67,259 10.83 % 30 - 60 days past due 13,058 1.61 % 25,311 4.07 % 61 - 90 days past due 5,551 0.69 % 10,140 1.63 % > 90 days past due 2,139 0.26 % 3,082 0.50 % Total $ 809,537 100.00 % $ 621,182 100.00 % Accounts one two may Substantially all of the Company’s automobile contracts involve contracts made to individuals with impaired or limited credit histories, or higher debt-to-income ratios than permitted by traditional lenders. Contracts made with buyers who are restricted in their ability to obtain financing from traditional lenders generally entail a higher risk of delinquency, default and repossession, and higher losses than contracts made with buyers with better credit. The Company monitors customer scores, contract term length, down payment percentages, and collections for credit quality indicators. Twelve Months Ended 2021 2020 Principal collected as a percent of average finance receivables 53.2 % 55.1 % Average down-payment percentage 7.1 % 6.4 % April 30, 2021 April 30, 2020 Average originating contract term (in months 34.6 30.7 Portfolio weighted average contract term, including modifications (in months 37.3 33.3 The weighted average contract term increases have been made to maintain affordability for our customers as the average selling price has increased from $11,793 for fiscal 2020 2021. Customer Score by Fiscal Year of Origination Prior to (Dollars in thousands) 2021 2020 2019 2018 2017 2017 Total % 1-2 $ 32,946 $ 11,967 $ 1,229 $ 63 $ 8 $ - $ 46,213 5.7 % 3-4 211,939 66,524 8,299 491 26 8 287,287 35.5 % 5-6 346,461 108,576 19,006 1,868 121 5 476,037 58.8 % Total $ 591,346 $ 187,067 $ 28,534 $ 2,422 $ 155 $ 13 $ 809,537 100.0 % When customers apply for financing, the Company’s proprietary scoring models rely on the customers’ credit history and certain application information to evaluate and rank their risk. We obtain credit histories and other credit data that includes information such as number of different addresses, age of oldest record, high risk credit activity, job time, time at residence and other factors. The application information that is used includes income, collateral value and down payment. The scoring models yield credit grades that represent the credit quality. Customers with the highest credit quality are 6 not The Company uses a combination of the initial credit grades and historical performance to monitor the credit quality of the finance receivables on an ongoing basis, and the accuracy of the scoring models are validated periodically. Loan performance is reviewed on a recurring basis to identify whether the assigned grades adequately reflect the customers’ likelihood of repayment.

Note D - Property and Equipment

Note D - Property and Equipment	12 Months Ended
	Apr. 30, 2021
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	D - Property and Equipment A summary of property and equipment is as follows: (In thousands) April 30, 2021 April 30, 2020 Land $ 7,594 $ 7,799 Buildings and improvements 13,717 12,678 Furniture, fixtures and equipment 15,401 14,118 Leasehold improvements 33,450 27,519 Construction in progress 2,421 3,186 Accumulated depreciation and amortization (37,864 ) (35,160 ) Property and equipment, net $ 34,719 $ 30,140

Note E - Accrued Liabilities

Note E - Accrued Liabilities	12 Months Ended
	Apr. 30, 2021
Notes to Financial Statements
Other Liabilities Disclosure [Text Block]	E - Accrued Liabilities A summary of accrued liabilities is as follows: (In thousands) April 30, 2021 April 30, 2020 Employee compensation and benefits $ 14,664 $ 9,386 Cash overdrafts (see Note B) 1,802 - Deferred sales tax (see Note B) 5,904 2,974 Reserve for PPP claims 3,737 2,926 Fair value of contingent consideration 3,175 2,713 Other 1,996 1,730 Accrued liabilities $ 31,278 $ 19,729

Note F - Debt Facilities

Note F - Debt Facilities	12 Months Ended
	Apr. 30, 2021
Notes to Financial Statements
Debt Disclosure [Text Block]	F Debt Facilities A summary of debt facilities is as follows: (In thousands) 2021 2020 Revolving lines of credit $ 226,602 $ 215,831 Notes payable - 79 Finance lease - 445 Debt issuance costs (678 ) (787 ) Debt facilities $ 225,924 $ 215,568 On September 30, 2019, September 30, 2022 On October 29, 2020, No. 1 No. 1, not 60 Amendment No. 1 No. 1 one not No. 1 one On December 31, 2020, $241 On February 10, 2021, No. 2 The revolving credit facilities are collateralized primarily by finance receivables and inventory, are cross collateralized and contain a guarantee by the Company. Interest is payable monthly under the revolving credit facilities. The credit facilities provide for four April 30, 2021 April 30, 2020. The Company was in compliance with the covenants at April 30, 2021. April 30, 2021, March 2020 19, April 30, 2020, April 30, 2021 The Company recognized $391,000, $273,000 and $251,000 of amortization for the twelve April 30, 2021, 2020 2019, During the years ended April 30, 2021 April 30, 2020, April 30, 2021 2020, On December 15, 2015, one December 2020, On March 29, 2018, three March 2021.

Note G - Fair Value Measurement

Note G - Fair Value Measurements	12 Months Ended
	Apr. 30, 2021
Notes to Financial Statements
Fair Value Disclosures [Text Block]	G Fair Value Measurements The table below summarizes information about the fair value of financial instruments included in the Company’s financial statements at April 30, 2021 2020: April 30, 2021 April 30, 2020 Carrying Fair Carrying Fair (In thousands) Cash $ 2,893 $ 2,893 $ 59,560 $ 59,560 Finance receivables, net 625,119 497,865 466,141 382,027 Accounts payable 18,208 18,208 13,117 13,117 Debt facilities 225,924 225,924 215,568 215,568 Because no Financial Instrument Valuation Methodology Cash The carrying amount is considered to be a reasonable estimate of fair value due to the short-term nature of the financial instrument. Finance receivables, net The Company estimated the fair value of its receivables at what a third third third January 2019 third not third April 30, 2021, third Accounts payable The carrying amount is considered to be a reasonable estimate of fair value due to the short-term nature of the financial instrument. Revolving credit facilities and notes payable The fair value approximates carrying value due to the variable interest rates charged on the borrowings, which reprice frequently.

Note H - Income Taxes

Note H - Income Taxes	12 Months Ended
	Apr. 30, 2021
Notes to Financial Statements
Income Tax Disclosure [Text Block]	H - Income Taxes The provision for income taxes was as follows: Years Ended April 30, (In thousands) 2021 2020 2019 Provision for income taxes Current $ 23,274 $ 14,288 $ 10,525 Deferred 7,028 (1,280 ) 1,701 Total $ 30,302 $ 13,008 $ 12,226 The provision for income taxes is different from the amount computed by applying the statutory federal income tax rate to income before income taxes for the following reasons: Years Ended April 30, (In thousands) 2021 2020 2019 Tax provision at statutory rate $ 28,233 $ 13,514 $ 12,569 State taxes, net of federal benefit 4,033 1,931 1,796 Tax benefit from option exercises (1,401 ) (1,498 ) (1,961 ) Other, net (563 ) (939 ) (178 ) Total $ 30,302 $ 13,008 $ 12,226 Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred income tax assets and liabilities were as follows: (In thousands) 2021 2020 Deferred income tax liabilities related to: Finance receivables $ 26,373 $ 19,342 Property and equipment 372 69 Goodwill 141 90 Total 26,886 19,501 Deferred income tax assets related to: Accrued liabilities 2,140 1,565 Inventory 213 107 Disallowed interest deduction - 1,365 Share based compensation 3,109 2,490 State net operating loss 42 42 Deferred revenue 1,375 953 Total 6,879 6,522 Deferred income tax liabilities, net $ 20,007 $ 12,979

Note I - Capital Stock

Note I - Capital Stock	12 Months Ended
	Apr. 30, 2021
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	I Capital Stock The Company is authorized to issue up to 50,000,000 shares of common stock, par value $0.01 may one not A subsidiary of the Company has issued 500,000 shares of $1.00 par value preferred stock which carries an 8% cumulative dividend. The Company’s subsidiary can redeem the preferred stock at any time at par value plus any unpaid dividends. After April 30, 2017,

Note J - Weighted Average Share

Note J - Weighted Average Shares Outstanding	12 Months Ended
	Apr. 30, 2021
Notes to Financial Statements
Weighted Average Shares Outstanding [Text Block]	J Weighted Average Shares Outstanding Weighted average shares of common stock outstanding used in the calculation of basic and diluted earnings per share were as follows: Years Ended April 30, 2021 2020 2019 Weighted average shares outstanding-basic 6,628,749 6,630,023 6,810,879 Dilutive options and restricted stock 332,826 315,629 260,889 Weighted average shares outstanding-diluted 6,961,575 6,945,652 7,071,768 Antidilutive securities not included: Options 152,500 118,750 60,000 Restricted Stock 2,479 7,224 -

Note K - Stock-based Compensati

Note K - Stock-based Compensation Plans	12 Months Ended
	Apr. 30, 2021
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	K Stock-Based Compensation Plans The Company has stock-based compensation plans available to grant non-qualified stock options, incentive stock options and restricted stock to employees, directors and certain advisors of the Company. The current stock-based compensation plans are the Amended and Restated Stock Option Plan and the Amended and Restated Stock Incentive Plan. The Company recorded total stock-based compensation expense for all plans of $6.0 million ($4.6 million after tax effects), $4.7 million ($3.6 million after tax effects) and $3.7 million ($2.8 million after tax effects) for the years ended April 30, 2021, 2020 2019, Stock Option Plan The Company has options outstanding under the Amended and Restated Stock Option Plan. The shareholders of the Company approved the Amended and Restated Stock Option Plan (the “Stock Option Plan”) on August 5, 2015, June 10, 2025 August 29, 2018, August 26, 2020, not not ten 2022 2030. Option Plan Minimum exercise price as a percentage of fair market value at date of grant 100% Last expiration date for outstanding options May 1, 2030 Shares available for grant at April 30, 2021 245,000 The aggregate intrinsic value of outstanding options at April 30, 2021 2020 The fair value of options granted is estimated on the date of grant using the Black-Scholes option pricing model based on the assumptions in the table below. April 30, 2021 April 30, 2020 April 30, 2019 Expected terms (years) 5.5 5.5 5.5 Risk-free interest rate 0.36% 1.75 2.79% Volatility 50% 39 36% Dividend yield - - - The expected term of the options is based on evaluations of historical and expected future employee exercise behavior. The risk-free interest rate is based on the U.S. Treasury rates at the date of grant with maturity dates approximately equal to the expected life at the grant date. Volatility is based on historical volatility of the Company’s common stock. The Company has not not There were 30,000 options granted during fiscal 2021. 2021, 2020 2019 three five The following is an aggregate summary of the activity in the Company’s stock option plans from April 30, 2018 April 30, 2021: Number Exercise Proceeds Weighted Average of Price on Exercise Price per Options per Share Exercise Share (in thousands) Outstanding at April 30, 2018 695,500 $ 26,683 $ 30.50 Granted 145,000 53.30 to54.85 7,915 54.58 Exercised (275,000 ) 18.86 to53.30 (8,511 ) 30.95 Outstanding at April 30, 2019 565,500 $ 26,087 $ 46.13 Granted 225,000 99.05 to109.06 24,287 107.95 Exercised (121,250 ) 22.87 to53.02 (4,517 ) 37.25 Cancelled (1,500 ) $53.02 (80 ) 53.02 Outstanding at April 30, 2020 667,750 $ 45,777 $ 68.55 Granted 30,000 $65.95 30 65.95 Exercised (131,350 ) 24.69 to99.05 (6,730 ) 51.24 Outstanding at April 30, 2021 566,400 $ 39,077 $ 72.43 Stock option compensation expense on a pre-tax basis was $3.9 million ($3.0 million after tax effects), $3.6 million ($2.9 million after tax effects) and $2.7 million ($2.0 million after tax effects) for the years ended April 30, 2021, 2020 2019, April 30, 2021, The Company had the following options exercised for the periods indicated. The impact of these cash receipts is included in financing activities in the accompanying Consolidated Statements of Cash Flows. Years Ended April 30, (Dollars in thousands) 2021 2020 2019 Options Exercised 131,350 121,250 275,000 Cash Received from Options Exercised $ 5,120 $ 2,928 $ 5,663 Intrinsic Value of Options Exercised $ 7,894 $ 7,580 $ 10,817 During the year ended April 30, 2021, As of April 30, 2021, Stock Incentive Plan On August 5, 2015, June 10, 2025. August 29, 2018, may The following is a summary of the activity in the Company’s Stock Incentive Plan: Number Weighted Average Unvested shares at April 30, 2018 179,000 $ 45.96 Shares granted 3,000 53.30 Shares vested - - Shares cancelled (1,500 ) 36.38 Unvested shares at April 30, 2019 180,500 $ 46.16 Shares granted 12,328 102.03 Shares vested (7,000 ) 52.10 Shares cancelled (1,000 ) 37.07 Unvested shares at April 30, 2020 184,828 $ 49.71 Shares granted 7,690 98.43 Shares vested - - Shares cancelled (500 ) 35.00 Unvested shares at April 30, 2021 192,018 $ 51.70 The fair value at vesting for awards under the stock incentive plan was $9.9 million, $9.2 million, and $8.3 million in fiscal 2021, 2020 2019, During the fiscal year 2021, 2020, 2019, April 30, 2021. The Company recorded compensation cost of $1.1 million ($878,000 after tax effects), $1.1 million ($839,000 after tax effects) and $1.0 million ($760,000 after tax effects) related to the Stock Incentive Plan during the years ended April 30, 2021, 2020 2019, April 30, 2021,

Note L - Commitments and Contin

Note L - Commitments and Contingencies	12 Months Ended
	Apr. 30, 2021
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	L - Commitments and Contingencies Letter of Credit The Company has a standby letter of credit relating to an insurance policy totaling $250,000 at April 30, 2021. Facility Leases The Company leases certain dealership and office facilities under various non-cancelable operating leases. Dealership leases are generally for periods from three five April 30, 2021, April 30, (In thousands) 2022 $ 7,060 2023 6,987 2024 6,472 2025 6,333 2026 5,858 Thereafter 52,738 Total undiscounted operating lease payments 85,448 Less: imputed interest 22,562 Present value of operating lease liabilities $ 62,886 The $85.4 million of operating lease commitments includes $25.2 million of non-cancelable lease commitments under the lease terms, and $60.2 million of lease commitments for renewal periods at the Company’s option that are reasonably assured. The lease commitments also include $23,000 of lease commitments associated with entities owned or controlled by a preferred shareholder of the Company’s subsidiary. For the years ended April 30, 2021, 2020 2019, 2021 Litigation In the ordinary course of business, the Company has become a defendant in various types of legal proceedings. The Company does not one Related Finance Company Car-Mart of Arkansas and Colonial do not

Note M - Supplemental Cash Flow

Note M - Supplemental Cash Flow Information	12 Months Ended
	Apr. 30, 2021
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	M - Supplemental Cash Flow Information Supplemental cash flow disclosures for the years ended April 30, 2021, 2020 2019 Years Ended April 30, (in thousands) 2021 2020 2019 Supplemental disclosures: Interest paid $ 7,029 $ 8,152 $ 7,259 Income taxes paid, net 26,964 8,505 11,022 Non-cash transactions: Inventory acquired in repossession and payment protection plan claims 50,868 51,450 51,514 Loss accrued on disposal of property and equipment - 3 29 Net settlement option exercises 1,610 1,589 2,848

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Apr. 30, 2021
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The consolidated financial statements include the accounts of America’s Car-Mart, Inc. and its subsidiaries. All intercompany accounts and transactions have been eliminated.
Segment Reporting, Policy [Policy Text Block]	Segment Information Each dealership is an operating segment with its results regularly reviewed by the Company’s chief operating decision maker in an effort to make decisions about resources to be allocated to the segment and to assess its performance. Individual dealerships meet the aggregation criteria for reporting purposes under the current accounting guidance. In the Integrated Auto Sales and Finance industry, the nature of the sale and the financing of the transaction, financing processes, the type of customer and the methods used to distribute the Company’s products and services, including the actual servicing of the contracts as well as the regulatory environment in which the Company operates all have similar characteristics. Each of our individual dealerships is similar in nature and only engages in the selling and financing of used vehicles. All individual dealerships have similar operating characteristics. As such, individual dealerships have been aggregated into one reportable segment.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. Significant estimates include, but are not
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentration of Risk The Company provides financing in connection with the sale of substantially all of its vehicles. These sales are made primarily to customers residing in Alabama, Arkansas, Georgia, Illinois, Kentucky, Mississippi, Missouri, Oklahoma, Tennessee, and Texas, with approximately 27% of revenues resulting from sales to Arkansas customers. As of April 30, 2021, one September 2022.
Line of Credit Facility, Dividend Restrictions [Policy Text Block]	Restrictions on Distributions/Dividends The Company’s revolving credit facilities generally restrict distributions by the Company to its shareholders. The distribution limitations under the credit facilities allow the Company to repurchase the Company’s stock so long as either: (a) the aggregate amount of such repurchases after September 30, 2019 not not twelve
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash Equivalents The Company considers all highly liquid instruments purchased with original maturities of three
Financing Receivable [Policy Text Block]	Finance Receivables, Repossessions and Charge-offs and Allowance for Credit Losses The Company originates installment sale contracts from the sale of used vehicles at its dealerships. These installment sale contracts carry an average interest rate of approximately 16.5% using the simple effective interest method including any deferred fees. Contract origination costs are not not April 30, 2021 April 30, 2020), . one not may April 30, 2021, 30 April 30, 2020. Substantially all of the Company’s automobile contracts involve contracts made to individuals with impaired or limited credit histories, or higher debt-to-income ratios than permitted by traditional lenders. Contracts made with buyers who are restricted in their ability to obtain financing from traditional lenders generally entail a higher risk of delinquency, default and repossession, and higher losses than contracts made with buyers with better credit. At the time of originating a finance agreement, the Company requires customers to meet certain criteria that demonstrate their intent and ability to pay for the financed principal and interest on the vehicle they are purchasing. However, the Company recognizes that their customer base is at a higher risk of default given their impaired or limited credit histories. The Company strives to keep its delinquency percentages low, and not three not Periodically, the Company enters into contract modifications with its customers to extend or modify the payment terms. The Company only enters into a contract modification or extension if it believes such action will increase the amount of monies the Company will ultimately realize on the customer’s account and will increase the likelihood of the customer being able to pay off the vehicle contract. At the time of modification, the Company expects to collect amounts due including accrued interest at the contractual interest rate for the period of delay. No third The Company takes steps to repossess a vehicle when the customer becomes delinquent in his or her payments and management determines that timely collection of future payments is not not 73 The Company maintains an allowance for credit losses on an aggregate basis, as opposed to a contract-by-contract basis, at an amount it considers sufficient to cover losses expected to be incurred on the portfolio at the measurement date. The Company accrues an estimated loss for the amount it believes will not 19 not ● The number of units repossessed or charged-off as a percentage of total units financed over specific historical periods of time from one five ● The average net repossession and charge-off loss per unit during the last eighteen 10 11 13 ● The timing of repossession and charge-off losses relative to the date of sale (i.e., how long it takes for a repossession or charge-off to occur) for repossessions and charge-offs occurring during the last eighteen A historical point loss rate is produced by this analysis which is then adjusted to reflect current conditions and the Company’s reasonable and supportable forecast of expected losses for a period of one In the first 2020, fourth 2020, 19 2021, fourth 2021 In most states, the Company offers retail customers who finance their vehicle the option of purchasing an accident protection plan product as an add-on to the installment sale contract. This product contractually obligates the Company to cancel the remaining principal outstanding for any contract where the retail customer has totaled the vehicle, as defined by the product, or the vehicle has been stolen. The Company periodically evaluates anticipated losses to ensure that if anticipated losses exceed deferred accident protection plan revenues, an additional liability is recorded for such difference. No April 30, 2021 2020.
Inventory, Policy [Policy Text Block]	Inventory Inventory consists of used vehicles and is valued at the lower of cost or net realizable value on a specific identification basis. Vehicle reconditioning costs are capitalized as a component of inventory. Repossessed vehicles and trade-in vehicles are recorded at fair value, which approximates wholesale value. The cost of used vehicles sold is determined using the specific identification method.
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	Goodwill Goodwill reflects the excess of purchase price over the fair value of specifically identified net assets purchased. Goodwill and intangible assets deemed to have indefinite lives are not no 2021 2020.
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment Property and equipment are stated at cost. Expenditures for additions, remodels and improvements are capitalized. Costs of repairs and maintenance are expensed as incurred. Leasehold improvements are amortized over the shorter of the estimated life of the improvement or the lease period. The lease period includes the primary lease term plus any extensions that are reasonably assured. Depreciation is computed principally using the straight-line method generally over the following estimated useful lives: Furniture, fixtures and equipment (years) 3 to 7 Leasehold improvements (years) 5 to 15 Buildings and improvements (years) 18 to 39 Property and equipment are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not
Cash Overdraft [Policy Text Block]	Cash Overdraft As checks are presented for payment from the Company’s primary disbursement bank account, monies are automatically drawn against cash collections for the day and, if necessary, are drawn against one not
Deferred Sales Tax [Policy Text Block]	Deferred Sales Tax Deferred sales tax represents a sales tax liability of the Company for vehicles sold on an installment basis in the states of Alabama and Texas. Under Alabama and Texas law, for vehicles sold on an installment basis, the related sales tax is due as the payments are collected from the customer, rather than at the time of sale. Deferred sales tax liabilities are reflected in accrued liabilities on the Company’s Consolidated Balance Sheets.
Income Tax, Policy [Policy Text Block]	Income Taxes Income taxes are accounted for under the liability method. Under this method, deferred income tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates expected to apply in the years in which these differences are expected to be recovered or settled. Occasionally, the Company is audited by taxing authorities. These audits could result in proposed assessments of additional taxes. The Company believes that its tax positions comply in all material respects with applicable tax law; however, tax law is subject to interpretation, and interpretations by taxing authorities could be different from those of the Company, which could result in the imposition of additional taxes. The Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not not 50 The Company is subject to income taxes in the U.S. federal jurisdiction and various state jurisdictions. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. With few exceptions, the Company is no 2018. The Company’s policy is to recognize accrued interest related to unrecognized tax benefits in interest expense and penalties in operating expenses. The Company had no accrued penalties or interest as of April 30, 2021 2020,
Revenue [Policy Text Block]	Revenue Recognition Revenues are generated principally from the sale of used vehicles, which in most cases includes a service contract and a accident protection plan product, as well as interest income and late fees earned on finance receivables. Revenues are net of taxes collected from customers and remitted to government agencies. Cost of vehicle sales include costs incurred by the Company to prepare the vehicle for sale including license and title costs, gasoline, transport services and repairs. The Company’s performance obligations are clearly identifiable, and the transaction price is explicitly stated on the customers’ contracts. The Company collects payments in accordance with the terms of the customers’ accounts, ranging between 18 54 78’s” Sales consist of the following for the years ended April 30, 2021, 2020 2019: Years Ended April 30, (In thousands) 2021 2020 2019 Sales – used autos $ 713,925 $ 567,816 $ 506,184 Wholesales – third party 34,286 28,966 27,376 Service contract sales 33,028 31,480 30,243 Payment protection plan revenue 26,826 24,730 22,705 Total $ 808,065 $ 652,992 $ 586,508 At April 30, 2021 2020, 90 2021, 2020 2019, During the years ended April 30, 2021 2020, April 30, 2020 2019,
Advertising Cost [Policy Text Block]	Advertising Costs Advertising costs are expensed as incurred and consist principally of radio, print media and digital marketing costs. Advertising costs amounted to $2.9 million, $3.1 million and $3.1 million for the years ended April 30, 2021, 2020 2019,
Postemployment Benefit Plans, Policy [Policy Text Block]	Employee Benefit Plans The Company has 401 April 30, 2021, 2020 2019, The Company offers employees the right to purchase common shares at a 15% discount from market price under the 2006 October 2006. 15% 2021, 2020 2019 not April 30, 2021.
Earnings Per Share, Policy [Policy Text Block]	Earnings per Share Basic earnings per share are computed by dividing net income attributable to common stockholders by the average number of common shares outstanding during the period. Diluted earnings per share are computed by dividing net income attributable to common stockholders by the average number of common shares outstanding during the period plus dilutive common stock equivalents. The calculation of diluted earnings per share takes into consideration the potentially dilutive effect of common stock equivalents, such as outstanding stock options and non-vested restricted stock, which if exercised or converted into common stock would then share in the earnings of the Company. In computing diluted earnings per share, the Company utilizes the treasury stock method and anti-dilutive securities are excluded.
Share-based Payment Arrangement [Policy Text Block]	Stock-Based Compensation The Company recognizes the cost of employee services received in exchange for awards of equity instruments, such as stock options and restricted stock, based on the fair value of those awards at the date of grant over the requisite service period. The Company uses the Black-Scholes option pricing model to determine the fair value of stock option awards. The Company may
Treasury Stock [Policy Text Block]	Treasury Stock The Company purchased 106,590, 182,805, and 378,627 shares of its common stock to be held as treasury stock for a total cost of $10.6 million, $16.0 million and $26.6 million during the years ended April 30, 2021, 2020 2019, may
Lessee, Leases [Policy Text Block]	Facility Leases The Company’s leases primarily consist of operating leases related to retail stores, office space, and land. For more information on financing obligations, see Note F. The initial term for real property leases is typically 3 to 10 years. Most leases include one April 30, 2021 The ROU asset and the related lease liability are initially measured at the present value of future lease payments over the lease term. As most leases do not April 30, 2021 The Company includes variable lease payments in the initial measurement of ROU assets and lease liabilities only to the extent they depend on an index or rate. Changes in such indices or rates are accounted for in the period the change occurs, and do not not not
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements Occasionally, new accounting pronouncements are issued by the Financial Accounting Standards Board (“FASB”) or other standard setting bodies which the Company will adopt as of the specified effective date. Unless otherwise discussed, the Company believes the implementation of recently issued standards which are not not Adopted in Current Period Credit Losses June 2016, 2016 13, 326 2016 13 May 1, 2020. not Cloud Computing Arrangement August 2018, 2018 15, 350 40 2018 15 2018 15 December 15, 2019, not Effective in Future Periods Reference Rate Reform March 2020, 2020 04, March 12, 2020, December 31, 2022. not

Note B - Summary of Significa_2

Note B - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Apr. 30, 2021
Notes Tables
Property, Plant, and Equipment Useful Life [Table Text Block]	Furniture, fixtures and equipment (years) 3 to 7 Leasehold improvements (years) 5 to 15 Buildings and improvements (years) 18 to 39
Revenue from External Customers by Products and Services [Table Text Block]	Years Ended April 30, (In thousands) 2021 2020 2019 Sales – used autos $ 713,925 $ 567,816 $ 506,184 Wholesales – third party 34,286 28,966 27,376 Service contract sales 33,028 31,480 30,243 Payment protection plan revenue 26,826 24,730 22,705 Total $ 808,065 $ 652,992 $ 586,508

Note C - Finance Receivables,_2

Note C - Finance Receivables, Net (Tables)	12 Months Ended
	Apr. 30, 2021
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	(In thousands) April 30, 2021 April 30, 2020 Gross contract amount $ 980,757 $ 728,841 Less unearned finance charges (171,220 ) (107,659 ) Principal balance 809,537 621,182 Less allowance for credit losses (184,418 ) (155,041 ) Finance receivables, net $ 625,119 $ 466,141
Change In Finance Receivables Net [Table Text Block]	Years Ended April 30, (In thousands) 2021 2020 2019 Balance at beginning of period $ 466,141 $ 415,486 $ 383,617 Finance receivable originations 762,716 604,497 540,505 Finance receivable collections (370,254 ) (322,180 ) (293,739 ) Provision for credit losses (163,662 ) (162,246 ) (146,363 ) Losses on claims for payment protection plan (18,954 ) (17,966 ) (17,020 ) Inventory acquired in repossession and payment protection plan claims (50,868 ) (51,450 ) (51,514 ) Balance at end of period $ 625,119 $ 466,141 $ 415,486
Financing Receivable, Allowance for Credit Loss [Table Text Block]	Years Ended April 30, (In thousands) 2021 2020 2019 Balance at beginning of period $ 155,041 $ 127,842 $ 117,821 Provision for credit losses 163,662 162,246 146,363 Charge-offs, net of recovered collateral (134,285 ) (135,047 ) (136,342 ) Balance at end of period $ 184,418 $ 155,041 $ 127,842
Financing Receivable, Past Due [Table Text Block]	(Dollars in thousands) April 30, 2021 April 30, 2020 Principal Percent of Principal Percent of Balance Portfolio Balance Portfolio Current $ 717,520 88.64 % $ 515,390 82.97 % 3 - 29 days past due 71,269 8.80 % 67,259 10.83 % 30 - 60 days past due 13,058 1.61 % 25,311 4.07 % 61 - 90 days past due 5,551 0.69 % 10,140 1.63 % > 90 days past due 2,139 0.26 % 3,082 0.50 % Total $ 809,537 100.00 % $ 621,182 100.00 %
Financing Receivable Credit Quality Indicators [Table Text Block]	Twelve Months Ended 2021 2020 Principal collected as a percent of average finance receivables 53.2 % 55.1 % Average down-payment percentage 7.1 % 6.4 % April 30, 2021 April 30, 2020 Average originating contract term (in months 34.6 30.7 Portfolio weighted average contract term, including modifications (in months 37.3 33.3
Schedule of Financing Receivable by Fiscal Year of Origination [Table Text Block]	Customer Score by Fiscal Year of Origination Prior to (Dollars in thousands) 2021 2020 2019 2018 2017 2017 Total % 1-2 $ 32,946 $ 11,967 $ 1,229 $ 63 $ 8 $ - $ 46,213 5.7 % 3-4 211,939 66,524 8,299 491 26 8 287,287 35.5 % 5-6 346,461 108,576 19,006 1,868 121 5 476,037 58.8 % Total $ 591,346 $ 187,067 $ 28,534 $ 2,422 $ 155 $ 13 $ 809,537 100.0 %

Note D - Property and Equipme_2

Note D - Property and Equipment (Tables)	12 Months Ended
	Apr. 30, 2021
Notes Tables
Property, Plant and Equipment [Table Text Block]	(In thousands) April 30, 2021 April 30, 2020 Land $ 7,594 $ 7,799 Buildings and improvements 13,717 12,678 Furniture, fixtures and equipment 15,401 14,118 Leasehold improvements 33,450 27,519 Construction in progress 2,421 3,186 Accumulated depreciation and amortization (37,864 ) (35,160 ) Property and equipment, net $ 34,719 $ 30,140

Note E - Accrued Liabilities (T

Note E - Accrued Liabilities (Tables)	12 Months Ended
	Apr. 30, 2021
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	(In thousands) April 30, 2021 April 30, 2020 Employee compensation and benefits $ 14,664 $ 9,386 Cash overdrafts (see Note B) 1,802 - Deferred sales tax (see Note B) 5,904 2,974 Reserve for PPP claims 3,737 2,926 Fair value of contingent consideration 3,175 2,713 Other 1,996 1,730 Accrued liabilities $ 31,278 $ 19,729

Note F - Debt Facilities (Table

Note F - Debt Facilities (Tables)	12 Months Ended
	Apr. 30, 2021
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	(In thousands) 2021 2020 Revolving lines of credit $ 226,602 $ 215,831 Notes payable - 79 Finance lease - 445 Debt issuance costs (678 ) (787 ) Debt facilities $ 225,924 $ 215,568

Note G - Fair Value Measureme_2

Note G - Fair Value Measurements (Tables)	12 Months Ended
	Apr. 30, 2021
Notes Tables
Fair Value, by Balance Sheet Grouping [Table Text Block]	April 30, 2021 April 30, 2020 Carrying Fair Carrying Fair (In thousands) Cash $ 2,893 $ 2,893 $ 59,560 $ 59,560 Finance receivables, net 625,119 497,865 466,141 382,027 Accounts payable 18,208 18,208 13,117 13,117 Debt facilities 225,924 225,924 215,568 215,568

Note H - Income Taxes (Tables)

Note H - Income Taxes (Tables)	12 Months Ended
	Apr. 30, 2021
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Years Ended April 30, (In thousands) 2021 2020 2019 Provision for income taxes Current $ 23,274 $ 14,288 $ 10,525 Deferred 7,028 (1,280 ) 1,701 Total $ 30,302 $ 13,008 $ 12,226
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Years Ended April 30, (In thousands) 2021 2020 2019 Tax provision at statutory rate $ 28,233 $ 13,514 $ 12,569 State taxes, net of federal benefit 4,033 1,931 1,796 Tax benefit from option exercises (1,401 ) (1,498 ) (1,961 ) Other, net (563 ) (939 ) (178 ) Total $ 30,302 $ 13,008 $ 12,226
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	(In thousands) 2021 2020 Deferred income tax liabilities related to: Finance receivables $ 26,373 $ 19,342 Property and equipment 372 69 Goodwill 141 90 Total 26,886 19,501 Deferred income tax assets related to: Accrued liabilities 2,140 1,565 Inventory 213 107 Disallowed interest deduction - 1,365 Share based compensation 3,109 2,490 State net operating loss 42 42 Deferred revenue 1,375 953 Total 6,879 6,522 Deferred income tax liabilities, net $ 20,007 $ 12,979

Note J - Weighted Average Sha_2

Note J - Weighted Average Shares Outstanding (Tables)	12 Months Ended
	Apr. 30, 2021
Notes Tables
Schedule of Weighted Average Number of Shares [Table Text Block]	Years Ended April 30, 2021 2020 2019 Weighted average shares outstanding-basic 6,628,749 6,630,023 6,810,879 Dilutive options and restricted stock 332,826 315,629 260,889 Weighted average shares outstanding-diluted 6,961,575 6,945,652 7,071,768 Antidilutive securities not included: Options 152,500 118,750 60,000 Restricted Stock 2,479 7,224 -

Note K - Stock-based Compensa_2

Note K - Stock-based Compensation Plans (Tables)	12 Months Ended
	Apr. 30, 2021
Notes Tables
Stock Option Plan Comparison [Table Text Block]	Option Plan Minimum exercise price as a percentage of fair market value at date of grant 100% Last expiration date for outstanding options May 1, 2030 Shares available for grant at April 30, 2021 245,000
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	April 30, 2021 April 30, 2020 April 30, 2019 Expected terms (years) 5.5 5.5 5.5 Risk-free interest rate 0.36% 1.75 2.79% Volatility 50% 39 36% Dividend yield - - -
Share-based Payment Arrangement, Option, Activity [Table Text Block]	Number Exercise Proceeds Weighted Average of Price on Exercise Price per Options per Share Exercise Share (in thousands) Outstanding at April 30, 2018 695,500 $ 26,683 $ 30.50 Granted 145,000 53.30 to54.85 7,915 54.58 Exercised (275,000 ) 18.86 to53.30 (8,511 ) 30.95 Outstanding at April 30, 2019 565,500 $ 26,087 $ 46.13 Granted 225,000 99.05 to109.06 24,287 107.95 Exercised (121,250 ) 22.87 to53.02 (4,517 ) 37.25 Cancelled (1,500 ) $53.02 (80 ) 53.02 Outstanding at April 30, 2020 667,750 $ 45,777 $ 68.55 Granted 30,000 $65.95 30 65.95 Exercised (131,350 ) 24.69 to99.05 (6,730 ) 51.24 Outstanding at April 30, 2021 566,400 $ 39,077 $ 72.43
Schedule of Share-based Compensation, Stock Options, Exercises [Table Text Block]	Years Ended April 30, (Dollars in thousands) 2021 2020 2019 Options Exercised 131,350 121,250 275,000 Cash Received from Options Exercised $ 5,120 $ 2,928 $ 5,663 Intrinsic Value of Options Exercised $ 7,894 $ 7,580 $ 10,817
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]	Number Weighted Average Unvested shares at April 30, 2018 179,000 $ 45.96 Shares granted 3,000 53.30 Shares vested - - Shares cancelled (1,500 ) 36.38 Unvested shares at April 30, 2019 180,500 $ 46.16 Shares granted 12,328 102.03 Shares vested (7,000 ) 52.10 Shares cancelled (1,000 ) 37.07 Unvested shares at April 30, 2020 184,828 $ 49.71 Shares granted 7,690 98.43 Shares vested - - Shares cancelled (500 ) 35.00 Unvested shares at April 30, 2021 192,018 $ 51.70

Note L - Commitments and Cont_2

Note L - Commitments and Contingencies (Tables)	12 Months Ended
	Apr. 30, 2021
Notes Tables
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	April 30, (In thousands) 2022 $ 7,060 2023 6,987 2024 6,472 2025 6,333 2026 5,858 Thereafter 52,738 Total undiscounted operating lease payments 85,448 Less: imputed interest 22,562 Present value of operating lease liabilities $ 62,886

Note M - Supplemental Cash Fl_2

Note M - Supplemental Cash Flow Information (Tables)	12 Months Ended
	Apr. 30, 2021
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Years Ended April 30, (in thousands) 2021 2020 2019 Supplemental disclosures: Interest paid $ 7,029 $ 8,152 $ 7,259 Income taxes paid, net 26,964 8,505 11,022 Non-cash transactions: Inventory acquired in repossession and payment protection plan claims 50,868 51,450 51,514 Loss accrued on disposal of property and equipment - 3 29 Net settlement option exercises 1,610 1,589 2,848

Note A - Organization and Bus_2

Note A - Organization and Business (Details Textual)	12 Months Ended
	Apr. 30, 2021
Number of Operating Subsidiaries	2
Number of Dealerships Operated	151

Note B - Summary of Significa_3

Note B - Summary of Significant Accounting Policies (Details Textual)	3 Months Ended	12 Months Ended
	Apr. 30, 2020USD ($)$ / shares	Apr. 30, 2021USD ($)$ / sharesshares	Apr. 30, 2020USD ($)shares	Apr. 30, 2019USD ($)shares	Jan. 31, 2020	Jul. 31, 2019	May 01, 2019
Number of Reportable Segments		1
Average Finance Receivable Interest Rate		16.50%
Interest Receivable	$ 3,098,000	$ 3,367,000	$ 3,098,000
Finance Receivables, Customer Payments Due Either Weekly or Bi-Weekly, Percentage		77.00%
Financing Receivable, Greater Than or Equal to 30 Days Past Due, Percent of Portfolio	6.20%	2.60%	6.20%
Percent of Chargeoffs in the First 10 to 11 Months of a Contract		50.00%
Average Age of Account at Charge-Off Date (Month)		13 months
Finance Receivables, Allowance, Percent of Principle Balance					24.50%	24.50%	25.00%
Financing Receivable, Percent Past Due					2.90%
Payment Protection Plan Liability, Anticipated Losses in Excess of Deferred Revenues	$ 0	$ 0	$ 0
Goodwill, Impairment Loss		0	0
Income Tax Examination, Penalties and Interest Accrued, Total	0	0	0
Financing Receivable, Recorded Investment Greater Than 90 Days Past Due	$ 3,100,000	2,100,000	3,100,000
Late Fee Income Generated by Servicing Financial Assets, Amount		2,500,000	2,300,000	$ 1,900,000
Contract with Customer, Liability, Revenue Recognized		10,300,000	9,400,000
Advertising Expense		$ 2,900,000	3,100,000	3,100,000
Defined Contribution Plan, Employer Matching Contribution, Percent of Match		50.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay		6.00%
Defined Contribution Plan, Employer Contribution Amount		$ 908,000	$ 769,000	$ 523,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares) | shares		245,000
Stock Repurchased During Period, Shares (in shares) | shares		106,590	182,805	378,627
Stock Repurchased During Period, Value		$ 10,600,000	$ 16,000,000	$ 26,600,000
Treasury Stock Shares to Establish Reserve Account to Secure Service Contracts (in shares) | shares		10,000
Operating Lease, Weighted Average Remaining Lease Term (Year)		14 years 4 months 24 days
Operating Lease, Weighted Average Discount Rate, Percent		4.29%
ACM Insurance Company [Member]
Treasury Stock, Shares to Establish Reserve Account to Meet Regulatory Requirements for Insurance Company (in shares) | shares		14,000
2006 Employee Stock Purchase Plan [Member]
Common Stock Discount on Shares Percentage		15.00%
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | shares		200,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares) | shares		136,842
COVID-19 Pandemic [Member]
Finance Receivables, Allowance, Percent of Principle Balance	26.50%	24.50%	26.50%
Financing Receivable, Percent Past Due	6.20%		6.20%
Provision for Loan, Lease, and Other Losses, Total	$ 9,100,000	$ (15,100,000)
Provision for Loan, Lease, and Other Losses, Net of Tax	$ 7,000,000	$ (11,500,000)
Provision for Loan, Lease, and Other Losses, Per Diluted Share (in dollars per share) | $ / shares	$ 1.02	$ (1.65)
Minimum [Member]
Allowance for Credit Losses, Primary Factor Units Repossessed or Charged Off Evaluation Period (Year)		1 year
Lessee, Operating Lease, Term of Contract (Year)		3 years
Lessee, Operating Lease, Renewal Term (Year)		3 years
Maximum [Member]
Allowance for Credit Losses, Primary Factor Units Repossessed or Charged Off Evaluation Period (Year)		5 years
Lessee, Operating Lease, Term of Contract (Year)		10 years
Lessee, Operating Lease, Renewal Term (Year)		10 years
Revolving Credit Facility [Member]
Line of Credit Facility, Distribution Limitations, Maximum Aggregate Amount of Stock Repurchases		$ 50,000,000
Line of Credit Facility, Distribution Limitations Percentage of Sum of Borrowing Bases		20.00%
Line of Credit Facility, Distribution Limitations Percentage of Consolidated Net Income		75.00%
Line of Credit Facility Distribution Limitations Minimum Percentage of Aggregate Funds Available		12.50%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Arkansas, USA [Member]
Concentration Risk, Percentage		27.00%

Note B - Summary of Significa_4

Note B - Summary of Significant Accounting Policies - Property and Equipment, Estimated Useful Lives (Details)	12 Months Ended
	Apr. 30, 2021
Minimum [Member] | Furniture, Fixtures and Equipment [Member]
Property and equipment (Year)	3 years
Minimum [Member] | Leasehold Improvements [Member]
Property and equipment (Year)	5 years
Minimum [Member] | Building and Building Improvements [Member]
Property and equipment (Year)	18 years
Maximum [Member] | Furniture, Fixtures and Equipment [Member]
Property and equipment (Year)	7 years
Maximum [Member] | Leasehold Improvements [Member]
Property and equipment (Year)	15 years
Maximum [Member] | Building and Building Improvements [Member]
Property and equipment (Year)	39 years

Note B - Summary of Significa_5

Note B - Summary of Significant Accounting Policies - Sales (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Sales	$ 808,065	$ 652,992	$ 586,508
Sales Used Autos [Member]
Sales	713,925	567,816	506,184
Wholesales Third Party [Member]
Sales	34,286	28,966	27,376
Service Contract Sales [Member]
Sales	33,028	31,480	30,243
Payment Protection Plan Revenue [Member]
Sales	$ 26,826	$ 24,730	$ 22,705

Note C - Finance Receivables,_3

Note C - Finance Receivables, Net (Details Textual)	12 Months Ended
	Apr. 30, 2021USD ($)	Apr. 30, 2020USD ($)	Apr. 30, 2019USD ($)	Jan. 31, 2020	Jul. 31, 2019	May 01, 2019
Finance Receivables, Number of Loan Classes	1
Finance Receivables, Number of Risk Pools	1
Net Charge Offs as Percentage of Average Finance Receivables	19.30%	23.10%
Collections as Percentage of Average Financing Receivables	53.20%	55.10%
Delinquencies Greater Than 30 Days as Percentage of Average Financing Receivables	2.60%	6.20%
Finance Receivables, Allowance, Percent of Principle Balance				24.50%	24.50%	25.00%
Financing Receivable, Credit Loss, Expense (Reversal)	$ 163,662,000	$ 162,246,000	$ 146,363,000
Average Selling Price of Entity's Products	$ 13,621	$ 11,793
COVID-19 Pandemic [Member]
Finance Receivables, Allowance, Percent of Principle Balance	24.50%	26.50%
Financing Receivable, Credit Loss, Expense (Reversal)	$ (15,100,000)
Minimum [Member]
Financing Receivable Interest Rate	15.00%
Financing Receivable Payment Period (Month)	18 months
Minimum [Member] | ILLINOIS
Financing Receivable Interest Rate	19.50%
Maximum [Member]
Financing Receivable Interest Rate	16.50%
Financing Receivable Payment Period (Month)	54 years
Maximum [Member] | ILLINOIS
Financing Receivable Interest Rate	21.50%

Note C - Finance Receivables,_4

Note C - Finance Receivables, Net - Components of Finance Receivables (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019	Apr. 30, 2018
Gross contract amount	$ 980,757	$ 728,841
Less unearned finance charges	(171,220)	(107,659)
Principal balance	809,537	621,182
Less allowance for credit losses	(184,418)	(155,041)	$ (127,842)	$ (117,821)
Finance receivables, net	$ 625,119	$ 466,141	$ 415,486	$ 383,617

Note C - Finance Receivables,_5

Note C - Finance Receivables, Net - Changes in Finance Receivables (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Balance	$ 466,141	$ 415,486	$ 383,617
Finance receivable originations	762,716	604,497	540,505
Finance receivable collections	(370,254)	(322,180)	(293,739)
Provision for credit losses	(163,662)	(162,246)	(146,363)
Losses on claims for payment protection plan	(18,954)	(17,966)	(17,020)
Inventory acquired in repossession and payment protection plan claims	(50,868)	(51,450)	(51,514)
Balance	$ 625,119	$ 466,141	$ 415,486

Note C - Finance Receivables,_6

Note C - Finance Receivables, Net - Changes in the Finance Receivables Allowance for Credit Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Balance	$ 155,041	$ 127,842	$ 117,821
Provision for credit losses	163,662	162,246	146,363
Charge-offs, net of recovered collateral	(134,285)	(135,047)	(136,342)
Balance	$ 184,418	$ 155,041	$ 127,842

Note C - Finance Receivables,_7

Note C - Finance Receivables, Net - Credit Quality Information for Finance Receivables (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Apr. 30, 2020
Principal Balance	$ 809,537	$ 621,182
Percent of Portfolio	100.00%	100.00%
Financial Asset, Not Past Due [Member]
Principal Balance	$ 717,520	$ 515,390
Percent of Portfolio	88.64%	82.97%
Financial Asset, 3 to 29 Days Past Due [Member]
Principal Balance	$ 71,269	$ 67,259
Percent of Portfolio	8.80%	10.83%
Financial Asset, 30 to 59 Days Past Due [Member]
Principal Balance	$ 13,058	$ 25,311
Percent of Portfolio	1.61%	4.07%
Financial Asset, 60 to 89 Days Past Due [Member]
Principal Balance	$ 5,551	$ 10,140
Percent of Portfolio	0.69%	1.63%
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Principal Balance	$ 2,139	$ 3,082
Percent of Portfolio	0.26%	0.50%

Note C - Finance Receivables,_8

Note C - Finance Receivables, Net - Financing Receivables Analysis (Details)	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Principal collected as a percent of average finance receivables	53.20%	55.10%
Average down-payment percentage	7.10%	6.40%
Average originating contract term (in months) (Month)	34 months 18 days	30 months 21 days
Portfolio weighted average contract term, including modifications (in months) (Month)	37 months 9 days	33 months 9 days

Note C - Finance Receivables,_9

Note C - Finance Receivables, Net - Finance Receivable Summarized by Fiscal Year of Origination (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Apr. 30, 2020
2021, principal balance	$ 591,346
2020, principal balance	187,067
2019, principal balance	28,534
2018, principal balance	2,422
2017, principal balance	155
Prior to 2017, principal balance	13
Principal balance	$ 809,537	$ 621,182
Principal balance, percentage	100.00%	100.00%
Customer Score 1-2 [Member]
2021, principal balance	$ 32,946
2020, principal balance	11,967
2019, principal balance	1,229
2018, principal balance	63
2017, principal balance	8
Prior to 2017, principal balance	0
Principal balance	$ 46,213
Principal balance, percentage	5.70%
Customer Score 3-4 [Member]
2021, principal balance	$ 211,939
2020, principal balance	66,524
2019, principal balance	8,299
2018, principal balance	491
2017, principal balance	26
Prior to 2017, principal balance	8
Principal balance	$ 287,287
Principal balance, percentage	35.50%
Customer Score 5-6 [Member]
2021, principal balance	$ 346,461
2020, principal balance	108,576
2019, principal balance	19,006
2018, principal balance	1,868
2017, principal balance	121
Prior to 2017, principal balance	5
Principal balance	$ 476,037
Principal balance, percentage	58.80%

Note D - Property and Equipme_3

Note D - Property and Equipment - Property and Equipment (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Apr. 30, 2020
Accumulated depreciation and amortization	$ (37,864)	$ (35,160)
Property and equipment, net	34,719	30,140
Land [Member]
Property and equipment	7,594	7,799
Building and Building Improvements [Member]
Property and equipment	13,717	12,678
Furniture, Fixtures and Equipment [Member]
Property and equipment	15,401	14,118
Leasehold Improvements [Member]
Property and equipment	33,450	27,519
Construction in Progress [Member]
Property and equipment	$ 2,421	$ 3,186

Note E - Accrued Liabilities -

Note E - Accrued Liabilities - Accrued Liabilities (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Apr. 30, 2020
Employee compensation and benefits	$ 14,664	$ 9,386
Cash overdrafts (see Note B)	1,802	0
Deferred sales tax (see Note B)	5,904	2,974
Reserve for PPP claims	3,737	2,926
Fair value of contingent consideration	3,175	2,713
Other	1,996	1,730
Accrued liabilities	$ 31,278	$ 19,729

Note F - Debt Facilities (Detai

Note F - Debt Facilities (Details Textual) - USD ($)

Oct. 29, 2020

Mar. 29, 2018

Dec. 15, 2015

Mar. 31, 2020

Apr. 30, 2021

Apr. 30, 2020

Apr. 30, 2019

Feb. 10, 2021

Jan. 31, 2021

Dec. 31, 2020

Sep. 30, 2019

Sep. 29, 2019

Proceeds from Lines of Credit, Total

$ 73,337,000

$ 442,490,000

$ 450,554,000

Cash and Cash Equivalents, at Carrying Value, Ending Balance

2,893,000

59,560,000

Amortization of Debt Issuance Costs and Discounts, Total

391,000

273,000

251,000

Payments of Debt Issuance Costs

282,000

505,000

$ 371,000

Debt Issuance Costs, Gross

678,000

787,000

Finance Lease, Liability, Total

$ 0

$ 445,000

Assets Under Finance Lease [Member]

Property, Plant and Equipment, Useful Life (Year)

3 years

Note Payable Related to the Property Purchase Agreement [Member]

Debt Instrument, Face Amount

$ 550,000

Debt Instrument, Periodic Payment, Total

$ 10,005

Debt Instrument, Interest Rate, Stated Percentage

3.50%

Minimum [Member]

Financing Receivable Payment Period (Month)

18 months

Minimum [Member] | Medium-term Vehicle Contracts [Member]

Financing Receivable Payment Period (Month)

36 months

Minimum [Member] | Long-term Vehicle Contracts [Member]

Financing Receivable Payment Period (Month)

42 months

Maximum [Member]

Financing Receivable Payment Period (Month)

54 years

Maximum [Member] | Medium-term Vehicle Contracts [Member]

Financing Receivable Payment Period (Month)

42 months

Maximum [Member] | Long-term Vehicle Contracts [Member]

Financing Receivable Payment Period (Month)

60 months

BMO Harris Bank [Member] | Line of Credit [Member]

Line of Credit Facility, Maximum Borrowing Capacity

$ 326,000,000

Debt Instrument, Covenant, Maximum Borrowing Base, Percentage of Financing Receivables

15.00%

Debt Instrument, Covenant, Maximum Aggregate Consideration for Businesses Acquired in One Year

$ 20,000,000

Debt Instrument, Covenant, Maximum Disposal of Real Estate

5,000,000

Debt Instrument, Covenant, Maximum Disposal Other Properties

$ 1,000,000

Line of Credit Facility, Total Increase in Borrowing Capacity

$ 85,000,000

Maximum Allowable Capital Expenditures By Credit Facilities Amendment

$ 25,000,000

$ 10,000,000

BMO Harris Bank [Member] | Medium-term Vehicle Contracts [Member] | Line of Credit [Member]

Debt Instrument, Covenant, Maximum Borrowing Base, Percentage of Financing Receivables

15.00%

BMO Harris Bank [Member] | Long-term Vehicle Contracts [Member] | Line of Credit [Member]

Debt Instrument, Covenant, Maximum Borrowing Base, Percentage of Financing Receivables

5.00%

Revolving Credit Facility [Member]

Line of Credit Facility, Additional Borrowing Capacity, Accordion Feature

$ 99,100,000

Proceeds from Lines of Credit, Total

$ 30,000,000

Revolving Credit Facility [Member] | BMO Harris Bank [Member]

Line of Credit Facility, Maximum Borrowing Capacity

$ 241,000,000

$ 215,000,000

Line of Credit Facility, Additional Borrowing Capacity, Accordion Feature

100,000,000

50,000,000

Debt Instrument, Interest Rate, Effective Percentage

2.85%

2.98%

Revolving Credit Facility [Member] | BMO Harris Bank [Member] | London Interbank Offered Rate (LIBOR) [Member]

Debt Instrument, Basis Spread on Variable Rate

2.35%

Colonial Revolving Credit Facility [Member] | BMO Harris Bank [Member]

Line of Credit Facility, Maximum Borrowing Capacity

231,000,000

$ 205,000,000

ACM TCM Revolving Credit Facility [Member] | BMO Harris Bank [Member]

Line of Credit Facility, Maximum Borrowing Capacity

$ 10,000,000

Note F - Debt Facilities - Summ

Note F - Debt Facilities - Summary of Debt Facilities (Details) - USD ($)	Apr. 30, 2021	Apr. 30, 2020
Finance lease	$ 0	$ 445,000
Debt issuance costs	(678,000)	(787,000)
Debt facilities	225,924,000	215,568,000
Line of Credit [Member]
Debt facilities, gross	226,602,000	215,831,000
Notes Payable [Member]
Debt facilities, gross	$ 0	$ 79,000

Note G - Fair Value Measureme_3

Note G - Fair Value Measurements (Details Textual)	1 Months Ended
	Jan. 31, 2019
Fair Value Inputs, Discount Rate, Intercompany Transactions	38.50%
Minimum [Member] | Measurement Input, Discount Rate [Member]
Receivables, Measurement Input	0.34
Maximum [Member] | Measurement Input, Discount Rate [Member]
Receivables, Measurement Input	0.39

Note G - Fair Value Measureme_4

Note G - Fair Value Measurements - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Apr. 30, 2020
Reported Value Measurement [Member]
Cash	$ 2,893	$ 59,560
Finance receivables, net	625,119	466,141
Accounts payable	18,208	13,117
Debt facilities	225,924	215,568
Estimate of Fair Value Measurement [Member]
Cash	2,893	59,560
Finance receivables, net	497,865	382,027
Accounts payable	18,208	13,117
Debt facilities	$ 225,924	$ 215,568

Note H - Income Taxes - Provisi

Note H - Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Current	$ 23,274	$ 14,288	$ 10,525
Deferred	7,028	(1,280)	1,701
Total	$ 30,302	$ 13,008	$ 12,226

Note H - Income Taxes - Reconci

Note H - Income Taxes - Reconciliation of Income Tax to Statutory Rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Tax provision at statutory rate	$ 28,233	$ 13,514	$ 12,569
State taxes, net of federal benefit	4,033	1,931	1,796
Tax benefit from option exercises	(1,401)	(1,498)	(1,961)
Other, net	(563)	(939)	(178)
Total	$ 30,302	$ 13,008	$ 12,226

Note H - Income Taxes - Deferre

Note H - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Apr. 30, 2020
Finance receivables	$ 26,373	$ 19,342
Property and equipment	372	69
Goodwill	141	90
Total	26,886	19,501
Deferred income tax assets related to:
Accrued liabilities	2,140	1,565
Inventory	213	107
Disallowed interest deduction	0	1,365
Share based compensation	3,109	2,490
State net operating loss	42	42
Deferred revenue	1,375	953
Total	6,879	6,522
Deferred income tax liabilities, net	$ 20,007	$ 12,979

Note I - Capital Stock (Details

Note I - Capital Stock (Details Textual) - USD ($)	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Common Stock, Shares Authorized (in shares)	50,000,000	50,000,000
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized (in shares)	1,000,000	1,000,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.01	$ 0.01
Preferred Stock, Shares Issued, Total (in shares)	0	0
Subsidiaries [Member]
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 1
Preferred Stock, Shares Issued, Total (in shares)	500,000
Preferred Stock, Dividend Rate, Percentage	8.00%
Preferred Stock Right of Shareholder, Amount of Shares (in shares)	400,000
Preferred Stock, Right to Shareholder Value of Redeemed Stock	$ 400,000

Note J - Weighted Average Sha_3

Note J - Weighted Average Shares Outstanding - Weighted Average Shares of Common Stock Outstanding (Details) - shares	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Weighted average shares outstanding-basic (in shares)	6,628,749	6,630,023	6,810,879
Dilutive options and restricted stock (in shares)	332,826	315,629	260,889
Weighted average shares outstanding-diluted (in shares)	6,961,575	6,945,652	7,071,768
Share-based Payment Arrangement, Option [Member]
Antidilutive securities (in shares)	152,500	118,750	60,000
Restricted Stock [Member]
Antidilutive securities (in shares)	2,479	7,224	0

Note K - Stock-based Compensa_3

Note K - Stock-based Compensation Plans (Details Textual) - USD ($)	Aug. 26, 2020	Aug. 29, 2018	Aug. 05, 2015	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019	Aug. 28, 2018
Share-based Payment Arrangement, Expense				$ 6,000,000	$ 4,700,000	$ 3,700,000
Share-based Payment Arrangement, Expense, after Tax				4,600,000	3,600,000	$ 2,800,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value				$ 44,400,000	$ 7,700,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)				30,000	225,000	145,000
Share-based Compensation Arrangement by Share-based Payment Award, Options Exercised Through Net Settlements (in shares)				32,500
Share-based Compensation Arrangement by Share-based Payment Award, Options, Reduction in Shares Issued to Satisfy the Exercise Price and Applicable Withholding Taxes (in shares)				13,761
Share-based Compensation Arrangement by Share-based Payment Award, Options Exercised Through Net Settlements, Net of Shares to Satisfy the Exercise Price and Applicable Withholding Taxes (in shares)				7,354
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number (in shares)				276,400
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value				$ 25,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term (Year)				5 years 7 months 6 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Exercise Price (in dollars per share)				$ 60.26
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)				245,000
Share-based Payment Arrangement, Option [Member]
Share-based Payment Arrangement, Expense				$ 3,900,000	$ 3,600,000	$ 2,700,000
Share-based Payment Arrangement, Expense, after Tax				3,000,000	2,900,000	2,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Fair Value				2,000,000	9,300,000	3,000,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total				$ 4,800,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)				1 year 9 months 18 days
Share-based Payment Arrangement, Option [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)				3 years
Share-based Payment Arrangement, Option [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)				5 years
Restated Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized (in shares)	200,000	200,000	300,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)	2,200,000	2,000,000	1,800,000
Restated Option Plan [Member] | Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)			10 years
Stock Incentive Plan [Member]
Share-based Payment Arrangement, Expense				$ 1,100,000	1,100,000	1,000,000
Share-based Payment Arrangement, Expense, after Tax				878,000	839,000	760,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)		450,000					350,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total				$ 5,900,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)				5 years 3 months 18 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value				$ 9,900,000	$ 9,200,000	$ 8,300,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)				7,690	12,328	3,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)				$ 98.43	$ 102.03	$ 53.30
Stock Incentive Plan [Member] | First Issuance of Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)				2,000	3,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)				$ 65.95	$ 99.05
Stock Incentive Plan [Member] | Second Issuance of Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)				5,690	4,224
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)				$ 109.84	$ 109.06
Stock Incentive Plan [Member] | Third Issuance of Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)					5,104
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)					$ 97.97
Stock Incentive Plan [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)						3,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)						$ 53.30
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)				87,009

Note K - Stock-based Compensa_4

Note K - Stock-based Compensation Plans - Stock Option Plan Comparison (Details)	12 Months Ended
	Apr. 30, 2021shares
Minimum exercise price as a percentage of fair market value at date of grant	100.00%
Last expiration date for outstanding options	May 1, 2030
Shares available for grant at April 30, 2021 (in shares)	245,000

Note K - Stock-based Compensa_5

Note K - Stock-based Compensation Plans - Options Valuation Assumptions (Details)	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Expected terms (Year)	5 years 6 months	5 years 6 months	5 years 6 months
Risk-free interest rate	0.36%	1.75%	2.79%
Volatility	50.00%	39.00%	36.00%
Dividend yield	0.00%	0.00%	0.00%

Note K - Stock-based Compensa_6

Note K - Stock-based Compensation Plans - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019	Apr. 30, 2018
Number of Shares (in shares)	667,750	565,500	695,500
Proceeds on Exercise	$ 39,077	$ 45,777	$ 26,087	$ 26,683
Weighted Average Exercise Price (in dollars per share)	$ 68.55	$ 46.13	$ 30.50
Number of Shares, Granted (in shares)	30,000	225,000	145,000
Exercise Price, Granted (in dollars per share)	$ 65.95	$ 107.95	$ 54.58
Proceeds on Exercise, Granted	$ 30	$ 24,287	$ 7,915
Number of Shares, Exercised (in shares)	(131,350)	(121,250)	(275,000)
Exercise Price, Exercised (in dollars per share)	$ 51.24	$ 37.25	$ 30.95
Proceeds on Exercise, Exercised	$ (6,730)	$ (4,517)	$ (8,511)
Number of Shares, Cancelled (in shares)		(1,500)
Exercise Price, Cancelled (in dollars per share)		$ 53.02
Proceeds on Exercise, Cancelled		$ (80)
Number of Shares (in shares)	566,400	667,750	565,500	695,500
Weighted Average Exercise Price (in dollars per share)	$ 72.43	$ 68.55	$ 46.13	$ 30.50
Minimum [Member]
Exercise Price, Granted (in dollars per share)		99.05	53.30
Exercise Price, Exercised (in dollars per share)	24.69	22.87	18.86
Maximum [Member]
Exercise Price, Granted (in dollars per share)		109.06	54.85
Exercise Price, Exercised (in dollars per share)	$ 99.05	$ 53.02	$ 53.30

Note K - Stock-based Compensa_7

Note K - Stock-based Compensation Plans - Options Exercised (Details) - USD ($) $ in Thousands	12 Months Ended		13 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Options Exercised (in shares)	131,350	121,250	275,000
Cash Received from Options Exercised	$ 5,120	$ 2,928	$ 5,663
Intrinsic Value of Options Exercised	$ 7,894	$ 7,580	$ 10,817

Note K - Stock-based Compensa_8

Note K - Stock-based Compensation Plans - Stock Incentive Plan (Details) - Stock Incentive Plan [Member] - $ / shares	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Unvested shares (in shares)	184,828	180,500	179,000
Unvested shares, weighted average grant date fair value (in dollars per share)	$ 49.71	$ 46.16	$ 45.96
Shares granted (in shares)	7,690	12,328	3,000
Shares granted, weighted average grant date fair value (in dollars per share)	$ 98.43	$ 102.03	$ 53.30
Shares vested (in shares)	0	(7,000)	0
Shares cancelled (in shares)	(500)	(1,000)	(1,500)
Shares cancelled, weighted average grant date fair value (in dollars per share)	$ 35	$ 37.07	$ 36.38
Shares vested, weighted average grant date fair value (in dollars per share)		$ 52.10
Unvested shares (in shares)	192,018	184,828	180,500
Unvested shares, weighted average grant date fair value (in dollars per share)	$ 51.70	$ 49.71	$ 46.16

Note L - Commitments and Cont_3

Note L - Commitments and Contingencies (Details Textual) - USD ($)	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Letters of Credit Outstanding, Amount	$ 250,000
Lessee, Operating Lease, Liability, to be Paid, Total	85,448,000
Operating Lease, Expense	8,000,000	$ 6,900,000	$ 6,700,000
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	7,300,000
Non-cancelable [Member]
Lessee, Operating Lease, Liability, to be Paid, Total	25,200,000
Reasonably Assured [Member]
Lessee, Operating Lease, Liability, to be Paid, Total	60,200,000
Owned or Controlled by One Preferred Shareholder [Member]
Lessee, Operating Lease, Liability, to be Paid, Total	$ 23,000,000,000
Minimum [Member]
Lessee, Operating Lease, Term of Contract (Year)	3 years
Minimum [Member] | Dealership Leases [Member]
Lessee, Operating Lease, Term of Contract (Year)	3 years
Maximum [Member]
Lessee, Operating Lease, Term of Contract (Year)	10 years
Maximum [Member] | Dealership Leases [Member]
Lessee, Operating Lease, Term of Contract (Year)	5 years

Note L - Commitments and Cont_4

Note L - Commitments and Contingencies - Future Lease Obligations (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Apr. 30, 2020
2022	$ 7,060
2023	6,987
2024	6,472
2025	6,333
2026	5,858
Thereafter	52,738
Total undiscounted operating lease payments	85,448
Less: imputed interest	22,562
Present value of operating lease liabilities	$ 62,886	$ 62,810

Note M - Supplemental Cash Fl_3

Note M - Supplemental Cash Flow Information - Supplemental Cash Flow Disclosures (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Interest paid	$ 7,029	$ 8,152	$ 7,259
Income taxes paid, net	26,964	8,505	11,022
Inventory acquired in repossession and payment protection plan claims	50,868	51,450	51,514
Loss accrued on disposal of property and equipment	0	3	29
Net settlement option exercises	$ 1,610	$ 1,589	$ 2,848